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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT -- Ignore unavailable to you. Want to Upgrade?

To: tero kuittinen who wrote (10969)	3/19/2000 11:59:00 AM
From: Maurice Winn	Read Replies (1) \| Respond to of 29987

Tero, the 'Teroist 5Bud Theory' fits in important respects. I was glad that Irwin Jacobs listened impassively to Bernie imploring early and large production of handsets last October. Qualcomm will produce handsets in response to money on the table [I guess] not to wishful thinking. If somebody wants handsets produced, they should get out a chequebook. Maybe Ericy is planning on buying Globalstar [after driving the price down by not producing handsets]? Maybe Vodafone is planning that [by not selling minutes]? Maybe Vodafone and others are playing 'chicken' and stretching their luck on the Service Provider exclusivity deals in an effort to pick up Globalstar stock for a song? Maybe Globalstar should NOT cut the price but play 'chicken' right back at the Service Providers and take them to the wire on the Service Provider exclusivity contracts. Imagine Sprint with a Globalstar gateway in the USA, Australia [where Vodafone is being a dog in the manger because they don't have a terrestrial CDMA network and don't have GSM handsets available yet], China etc. None of what is happening quite makes sense. Statements which have been emphatically made conflict with reality a short time later. Something is rotten in the state of Denmark! [if that's the right expression]. This is a very big chess game by the look of it. Something is going on which doesn't make commercial sense. Minutes should be selling by the billion now. The worst truth would be the 5Bud theory. There is no escaping simple stupidity. Iridium failed but maybe that was a cynical action by Motorola to collect all the fees for construction and management and handset production until the money ran out. I can't understand why they went ahead and launched it otherwise. Unless they were a 5Bud-Light crowd. OF course they could not admit to such a scam or there would be a LOT of lawsuits - maybe it was a subconscious factor because it's hard not to act in what one thinks is self-interest. Iridium seems a bit like Eurotunnel, which always seemed [as early as 1987] more of a construction job con to get construction and loan payments than an intent to make a profitable tunnel. Milk the shareholders then dump them! Nervously, Maurice